Two long-time Escanaba businesses, Jim’s Music and L&C Enterprises-USA, parent company of Delta Fence and Construction have been recognized as two of the 2024 awardees for the Michigan 50 Companies to Watch Award, presented by Michigan Celebrates Small Business.
Both Escanaba businesses were honored at the 20th annual Michigan Celebrates Small Business Gala at the Breslin Events Center on MSU’s campus.
These Escanaba businesses are two of six Upper Michigan Businesses to receive the award.
Previous local awardees include Race Driven (2018), Delta Force PI (2020) and Independent Machine Company (2017).
Together, the 2024 Michigan 50 Companies to Watch have made a substantial collective economic impact, responsible for over $400 million in total annual revenue during 2023, and projected to increase their revenue by 18% in 2024. As a whole, they provide over 1,500 full-time equivalent employees, with
the majority living within the state of Michigan, and are projected to create over 330 new jobs in 2024.
To be nominated for the Michigan 50 Companies to Watch Award, companies must be second-stage, defined as having 6 to 99 full-time-equivalent employees while generating between $750,000 to $50 million in annual revenue. Additional requirements include, that the companies must demonstrate the
intent and capacity to grow, be privately held and located in Michigan.
Michigan Celebrates received over 500 nominations for the 2024 Michigan 50 Companies to Watch Award. The businesses who are selected by the judges go through a vetting process prior to the final decision. Judges from economic and entrepreneurship development organizations across the state annually select the winners. The judges evaluate the applicants’ demonstration of intent and capacity to grow based on the following:
• Employee or sales growth
• Exceptional entrepreneurial leadership
• Sustainable competitive advantage
• Other notable factors that showcase the company’s success
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